With all the action on the Continent, the British pound has been out of the spotlight. It's time for a look — and you might not like it.
The Speculative Sentiment Index published by dailyfx.com suggests the British pound is primed for a fall. Almost 59% of traders are long the British pound against the dollar — a decline from Wednesday but still an indication that expectations for the currency may be significantly higher than they should be.
Meanwhile, analysts at Danske Bank are arguing that British government debt merits a four-notch downgrade. That would mean a decline from AAA to A+.